On The Web

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It’s All About Business Model Innovation, not New Technology

November 2 2018

• in
• Innovation

“Surveys show that most executives agree, and in fact, many believe that business model innovation is even more important to their company’s success than product or service innovation. But other studies have determined that no more than 10% of innovation investments at established companies are focused on creating transformative business models.”

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Target rolls out mobile checkout scanning technology amid holiday push

November 2 2018

• in
• Merchants

“Target announced new efforts to boost its omnichannel presence during the holiday season with a new mobile checkout called “Skip the Line.” Target said employees, armed with handheld scanners, will be able to check out credit and debit card purchases inside the shopping cart or basket from anywhere in the store, according to a spokesman. […]

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Brex has partnered with WeWork, AWS and more for its new rewards program

November 1 2018

• in
• Loyalty

“The billion-dollar company, which announced its $125 million Series C three weeks ago, has partnered with Amazon Web Services, WeWork, Instacart, Google Ads, SendGrid, Salesforce Essentials, Twilio, Zendesk, Caviar, HubSpot, Orrick, Snap, Clerky and DoorDash to give entrepreneurs the ability to accrue and spend points on services and products they use regularly.”

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Credit-Card Spending Limits in the Crosshairs as Issuers Grow Cautious

October 29 2018

• in
• Lending

“Capital One Financial Corp. COF +2.63% and Discover Financial Services DFS +1.78% said last week they have become more cautious in how they’re handling credit limits. The two lenders said they don’t currently see signs of deterioration in consumers’ ability to pay their debts but do question how much longer the economic recovery will last.”

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Providers

The Innovation Dilemma in Financial Services

November 6 2018

• in
• Financial institutions
• Innovation

“It will be increasingly challenging for banks to thrive just by optimizing the as-is when the entire industry is facing a growing level of uncertainty. Nonetheless, it is important for banks to manage innovation from a portfolio perspective, determine the potential impact of different types of innovation, and to balance risk among incremental, evolutionary and […]

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Regulation

The Amex Decision: Cataloguing the Discussions, Debates, and Disagreements

November 6 2018

• in
• Litigation

“This debate is wide-ranging and hits on many practical and philosophical parts of antitrust policy. This post attempts to break down the discussion and disagreements into discrete arguments that can, perhaps, help newcomers understand the debate.”

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Study: Mobile Empowers Retailers To Catch Shoppers At The Point Of Intent

November 8 2018

• in
• Mobile commerce

“Retailers clearly understand shoppers’ interest in more targeted promotions: 77% of executives believe that customers expect them to anticipate their needs by analyzing loyalty, purchase history and brand interaction data. Cutting-edge retailers are leveraging AI to create systems that continuously learn from every visit, ensuring that the shopper is given the most relevant experience possible from the moment they load […]

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Domains

How Two New Collaborations Could Speed up the Move Toward Digital B2B Payments

November 6 2018

• in
• B2B
• B2B Payments

“Payments between businesses have long remained ensnarled in paper processes that consumer payments have largely left behind, but lately signs have emerged that technology is at work streamlining business-to-business transactions. On Monday, fleet-fueling and corporate-payments specialist WEX Inc. said it will work with American Express Co. to allow clients to make payments via virtual cards […]

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Network West Midlands integrates its transit card with Google Pay

November 14 2018

• in
• Transit payments

“UK regional transportation operator Network West Midlands is piloting a new service that lets its Swift transit card holders store their cards in Google Pay, enabling Android NFC phone owners to tap on to West Midlands Metro trams without needing to first open an app or select their Swift card.”

On The Wires

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MSTS Makes B2B Commerce Effortless for SMBs with Credit as a Service

November 13 2018

• in
• Lending

“The cloud-based Credit as a Service solution for mid-market businesses can issue credit lines in less than a minute, automate the customer onboarding process and apply unique B2B customer invoicing, accounts payable and payment term requirements – providing customers flexibility and an enhanced experience.”